Breakout in Network 18 Media & Investments...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NETWORK18
Target 1 (10%) achieved in Network 18. Target 2 is ON...This is follow-up on Network 18. Can check link to related ideas.
Target 1 achieved. More than 10%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#ASTERDM CMP156.50 #target 173(11%) #TECHM #WIPRO #LTTS #LTI #LT#ASTERDM
NSE: ASTERDM
Short Term Earnings
CMP 156.50
Target : 173.15
SL : 148
Timeframe < 45 Days
Can hold for longer time
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
NETWORK 18 MEDIA LONGHere is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: As soon as possible (Can't give an exact price as there will be a gap up opening tomorrow, place a limit order and pray it gets executed at the best possible price tomorrow)
Target 1: 59.50
Target 2: 64.50
Target 3: 71.50-72
STOPL LOSS: 46
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: Can't be better
MACD: Bullish
I would recommend going long on Network 18 Media for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
THANKS!
Network18 Media - Bullish Pin bar on channel supportNote: This is for educational purpose only.
There seems to be a bullish pin bar on channel support. There is a rise in volume as well which indicates buying pressure. RSI at 51 indicates neutral zone (neither bullish nor bearish).
Buy above high of the pin bar. SL should be a little below the lower channel.
NETWORK 18 - BREAKOUT REVERSALMedia Index hasn't really participated in the rally. Nifty Media is 122.4% away from ATH. Hence, some FIIs buying can be expected here. Network 18 also constitute around 6% of Nifty Media. I expect some rally in this stock. A small portion of the amount can be diversified here for positional play.
Target - 45
Type of Trade - Positional Swing
Duration - 45 days.
Returns expected - 18.4%
Double Bottom, Network18CMP-41.1
Fibonacci level-.618(40.95)
50Days EMA-39.4(approx)
we can see the price is in consolidation mode since 23rd July. if invested don't panic, its just testing the patience level of investor. fundamentally it is awaiting for merger news confirmation for further upwards journey. on charts, double bottom formation is getting created which suggests a breakout is very possible in a few days.
Target is still at 50 from where it had faced rejection twice in the current trend.
Network18, support and resistance for coming weeksCMP-47.65. The first resistance it can face is around 49.65 which it can break tomorrow considering the result day on 22nd July. upward side the next resistance is around 59 which in previous years it hadn't breached. downwards side it has built a strong support at 39.5 level. RSI level at CMP is around 70 which suggests strong momentum going forwards, the same is also confirm in MACD, which is making a bullish cross over. trading volume is also more than 5days average, all technical parameter suggests that the bull run may continue till 60levels.
note: I only share views in which I am personally invested. sharing is just for educational purpose, pl correct me and educate me if the analysis seems wrong anywhere, suggestions are welcome.
NETWORK18- BULL OR BEAR WIN???NETWORK18 looking good on chart as stock was given head and shoulder pattern breakout and now near neckline so accoding to rule stock have to take support here and move for strong bull run.
but RS says- Network 18 will fall after result if stock now able to cross my point level 58.90 and this fall can be more then 3% and 10% also so we carefull in this stock for long.